Dudley & Shanley Inc. Buys 22,645 Shares of Kadant Inc $KAI

Key Points

• Dudley & Shanley Inc. increased its stake in Kadant Inc (NYSE:KAI) by 69.6% during Q2, now owning 55,175 shares valued at approximately $17.5 million.
• Kadant recently declared a quarterly dividend of $0.34 per share, with an ex-dividend date on October 9th, representing an annual yield of 0.4%.
• Research firms have upgraded Kadant's stock ratings and target prices, with a consensus target price of $340.00, reflecting a Moderate Buy sentiment among analysts.

Dudley & Shanley Inc. increased its position in shares of Kadant Inc (NYSE:KAI - Free Report) by 69.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,175 shares of the industrial products company's stock after acquiring an additional 22,645 shares during the quarter. Kadant makes up about 2.8% of Dudley & Shanley Inc.'s portfolio, making the stock its 17th biggest holding. Dudley & Shanley Inc. owned approximately 0.47% of Kadant worth $17,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corebridge Financial Inc. grew its stake in shares of Kadant by 5.0% during the first quarter. Corebridge Financial Inc. now owns 6,122 shares of the industrial products company's stock worth $2,063,000 after purchasing an additional 293 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Kadant by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 836 shares of the industrial products company's stock worth $282,000 after acquiring an additional 57 shares during the last quarter. Amalgamated Bank grew its position in shares of Kadant by 736.5% during the first quarter. Amalgamated Bank now owns 3,346 shares of the industrial products company's stock worth $1,127,000 after acquiring an additional 2,946 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Kadant by 348.1% in the first quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock valued at $82,000 after buying an additional 188 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in shares of Kadant in the first quarter valued at about $111,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Activity at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the completion of the sale, the director directly owned 4,250 shares in the company, valued at $1,438,242.50. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Kadant Stock Down 1.3%

NYSE:KAI traded down $4.12 on Friday, hitting $304.68. 347,536 shares of the company's stock traded hands, compared to its average volume of 96,083. The company has a market cap of $3.59 billion, a PE ratio of 33.93 and a beta of 1.25. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. Kadant Inc has a 1 year low of $281.30 and a 1 year high of $429.95. The firm has a 50-day moving average price of $329.06 and a 200-day moving average price of $324.42.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The company had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. During the same period in the previous year, the company earned $2.81 earnings per share. The company's quarterly revenue was down 7.3% compared to the same quarter last year. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Equities analysts anticipate that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, October 9th. Kadant's dividend payout ratio (DPR) is currently 15.14%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Barrington Research reiterated an "outperform" rating and issued a $380.00 price objective on shares of Kadant in a research report on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $340.00.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.